http://www.rigzone.com/news/oil_gas/a/141581/Major_Oil_Companies_Ha...

Take the above link and check it out.

I think it GREAT news.

What do others think ?

Views: 357

Replies to This Discussion

A lot of Jing is one half of one Trillion dollars.

One half of one Trillion = 500 Billion = 500,000,000,000

1 Billion = 1,000 Million = 1,000,000,000

@ $10k per leased acre ($10,000.00 per leased acre) it would take :

$1,000,000.00 (one million dollars) to transfer 100 (one hundred) leased acres 

$10,000,000.00 (ten million dollars) to transfer 1000 (one thousand) leased acres

$100,000,000.00 (one hundred million dollars) to transfer 10,000 (ten thousand) leased acres

$1,000,000,000.00 (one billion dollars) to transfer 100,000 (one hundred thousand) leased acres 

$10,000,000,000.00 (ten billion dollars) to transfer 1,000,000 (one million) leased acres

$100,000,000,000.00 (one hundred billion dollars to transfer 10,000,000 (ten million) leased acres

However, when they buy, they may also have to buy other things - like debt, equipment, tools, owned real estate / whatever they have to sell - unless the deal is for only leases.

So, bottom line is a half trillion is a lot of Jing but it seems to me to take a lot of Jing to be involved in the oil and gas business.

RSS

Local Groups

Blog Posts

Forgotten Men and Women of Canadian Energy Industry Protest

Posted by Thomas J Shepstone on January 4, 2019 at 10:37am 0 Comments

The forgotten men and women of the Canadian energy industry are mad as hell and not taking it anymore. They’re protesting in their trucks and it’s spreading.

Whenever I go to New York City, which is as seldom as…

Continue

Events

© 2019   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service